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I think analysis is about making predictions about the flow of a chart and changes in the market.
However, DOGE Coin has a strong tendency to move in a word from Elon Musk.
This is possible because there is a force that moves funds with Elon Musk's words, but I think it is an excuse for the rise of DOGE Coin.
In fact, I think it is not easy to invest in coins that are showing such movements if you do not have faith in them.
Therefore, I don't think it's useless to bring in virtually any analysis.
I think the same is true of XRP coins.
I think the excuse of the XRP coin is the power of the community.
The price formation by community power is strong, so this also requires careful judgment.
Coins that are difficult to invest if you do not buy each time the price falls due to long-term investment.
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(DOGEUSD 1D chart)
We have to see if we can get support and ascend in the 0.24419735-0.27453441 segment.
If you go down at 0.1835234, you need a short stop loss.
If it falls between 0.09251208-0.12284914, a Stop Loss is required to preserve profit and loss.
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(DOGEBTC 1D chart)
We have to see if we can get support from the 495 Satoshi-555 Satoshi section and climb along the uptrend line.
If you go down at 375 Satoshi, you need a short stop loss.
If it falls between 196 Satoshi and 256 Satoshi, you need Stop Loss to preserve profit and loss.
However, there is a large gap with the current price, so you need to think about how to respond.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
----------------------------------
I think analysis is about making predictions about the flow of a chart and changes in the market.
However, DOGE Coin has a strong tendency to move in a word from Elon Musk.
This is possible because there is a force that moves funds with Elon Musk's words, but I think it is an excuse for the rise of DOGE Coin.
In fact, I think it is not easy to invest in coins that are showing such movements if you do not have faith in them.
Therefore, I don't think it's useless to bring in virtually any analysis.
I think the same is true of XRP coins.
I think the excuse of the XRP coin is the power of the community.
The price formation by community power is strong, so this also requires careful judgment.
Coins that are difficult to invest if you do not buy each time the price falls due to long-term investment.
-----------------------------------
(DOGEUSD 1D chart)
We have to see if we can get support and ascend in the 0.24419735-0.27453441 segment.
If you go down at 0.1835234, you need a short stop loss.
If it falls between 0.09251208-0.12284914, a Stop Loss is required to preserve profit and loss.
----------------------------------
(DOGEBTC 1D chart)
If you go down at 375 Satoshi, you need a short stop loss.
If it falls between 196 Satoshi and 256 Satoshi, you need Stop Loss to preserve profit and loss.
However, there is a large gap with the current price, so you need to think about how to respond.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
